• ITVI.USA
    15,423.620
    115.100
    0.8%
  • OTRI.USA
    25.310
    -0.550
    -2.1%
  • OTVI.USA
    15,403.810
    105.620
    0.7%
  • TLT.USA
    2.690
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.910
    0.010
    0.3%
  • TSTOPVRPM.CHIATL
    2.990
    -0.170
    -5.4%
  • TSTOPVRPM.DALLAX
    1.530
    0.090
    6.3%
  • TSTOPVRPM.LAXDAL
    2.790
    -0.030
    -1.1%
  • TSTOPVRPM.PHLCHI
    2.140
    -0.020
    -0.9%
  • TSTOPVRPM.LAXSEA
    3.270
    -0.130
    -3.8%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    15,423.620
    115.100
    0.8%
  • OTRI.USA
    25.310
    -0.550
    -2.1%
  • OTVI.USA
    15,403.810
    105.620
    0.7%
  • TLT.USA
    2.690
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.910
    0.010
    0.3%
  • TSTOPVRPM.CHIATL
    2.990
    -0.170
    -5.4%
  • TSTOPVRPM.DALLAX
    1.530
    0.090
    6.3%
  • TSTOPVRPM.LAXDAL
    2.790
    -0.030
    -1.1%
  • TSTOPVRPM.PHLCHI
    2.140
    -0.020
    -0.9%
  • TSTOPVRPM.LAXSEA
    3.270
    -0.130
    -3.8%
  • WAIT.USA
    127.000
    0.000
    0%
FreightWaves TVMidday Market UpdateNews

Trucks, rail mergers and maritime misery — Midday Market Update

Details about one of the biggest problems plaguing ocean freight right now

With maritime traffic in the Suez Canal still being held up by the Ever Given, downstream effects are already visible, from freight delays to issues with oil tankers. On this episode of Midday Market Update, Kaylee Nix and Michael Vincent dive into what’s happening and what it could mean down the line for freight. 

The Suez crisis topped this episode’s headlines, with a piece by FreightWaves’ Greg Miller detailing the implications of the blockage on the tanker business. Next, FreightWaves writer Clarissa Hawes published an investigative piece alleging a human-trafficking scheme disguised as driver jobs that lured foreign drivers into unsafe working conditions. Finally, Joanna Marsh looked at five Wall Street reactions that followed the announcement of a Canadian Pacific- Kansas City Southern railroad merger.

The guests for this episode started off with Jason Roberts, senior vice president and business unit president at Avenger Logistics. Avenger just went through an acquisition by MODE, and Roberts talked about what it takes to seamlessly transition through a merger, as well as how important culture meshing is. 

Mathew Elenjickal, FourKites founder and CEO, joined Nix and Vincent with some exciting news: FourKites announced a $100 million series D funding for 2021. Elenjickal said the pandemic really highlighted the need for extreme freight visibility, and FourKites was able to take that need and bring the company to the next level. 

He had some insights on what FourKites was seeing in the Suez Canal and how his company was helping clients anticipate the downstream effects of the delays. 

Last up was FreightWaves Air Cargo Editor Eric Kulisch talking about how Hong Kong’s restrictive COVID-19 quarantine policies are affecting airfreight movements. Kulisch said there are major impacts to FedEx’s and UPS’ air cargo business, but there are exceptions for flights from Anchorage, Alaska, which in turn benefits Cathay Pacific. 

You can find more Midday Market Update episodes and recaps for all our live podcasts here.

Subscribe to our Youtube

Follow us on Twitter

Like us on Facebook

Kaylee Nix

Kaylee Nix is a meteorologist and reporter for FreightWaves. She joined the company in November of 2020 after spending two years as a broadcast meteorologist for a local television channel in Chattanooga, Tennessee. Kaylee graduated from the University of Oklahoma in 2018 and immediately made the Tennessee Valley her home. Kaylee creates written summaries of FreightWaves live podcasts and cultivates the social media for FreightWaves TV.

Leave a Reply

Your email address will not be published. Required fields are marked *